Merrill Lynch Names New Investments Chief

Ashvin Chhabra has been named chief investment officer at Bank of America's Merrill Lynch brokerage, returning to the firm where he was head of wealth strategies and analytics from 2001 to 2007.

In his role, Mr. Chhabra will oversee the delivery of investment advice and strategy to financial advisors and their clients in the wealth management unit, the company said in a news release. For the past six years, he has been chief investment officer at the Institute for Advanced Study in Princeton, N.J....